Skip to main content
November 18, 2024
Question

Estimated tax

  • November 18, 2024
  • 1 reply
  • 0 views

I’m still paying off a balance to the IRS from 2019.  I sent an estimated tax payment for my business to the irs. Will that payment be used for the current tax year or be applied to my old balance

    1 reply

    VolvoGirl
    Employee
    November 18, 2024

    Depends how you paid it.  If you sent it with a 1040ES slip it will go to your 2024 tax return.   Then any refunds you get in the future will go to past due amounts.